Tron dipped down to 17sats. Then had a hell of a run up to 400 sats over 17days, followed by a 50fib level retrace to 200 sats. And then a final 4.6 fib extension run up to over 2000 sats. In absolutely no time at all!
If BTT is on a similar track, we might be as little as 2 days away from getting started. (The yellow vertical line above) And in the event of such madness (shooting BTT up to a temporary est. $7b market cap) then I would suggest keeping an eye on the daily stochastic. As that provided the best entry/exit signals during the TRX initial bubble top. And, even if BTT doesn't hit 2000 sats, it'll probably guide you to the appropriate exits just the same.
Bring forth the FOMO!
If BTT is on a similar track, we might be as little as 2 days away from getting started. (The yellow vertical line above) And in the event of such madness (shooting BTT up to a temporary est. $7b market cap) then I would suggest keeping an eye on the daily stochastic. As that provided the best entry/exit signals during the TRX initial bubble top. And, even if BTT doesn't hit 2000 sats, it'll probably guide you to the appropriate exits just the same.
Bring forth the FOMO!
Trade active:
Current circulating supply is <90b BTT = $65m market cap (4k bitcoin & 19sats)
Thereby, you can increase the value of BTT by 23x to match the current tron market cap. Arguably justifiable, given same CEO, same marketing/hype, and the 100m potential user base at BitTorrent.
23x 19 sats = 437 sats.
That price is near identical to the first leg up on TRX run to 2000 sats.
So, arguably, you can justify such an initial run-up.
And once said run up has taken place. Peoples outlook and perspectives change. They will be way more optimistic. They've just made 23x their money. So whats a bit more?
Thereby, entirely plausible that FOMO then takes over, and re-paints the TRX picture to 1000-2000 sats. Which would temporarily at least take BTT to a 7b valuation. Far too high for the current crypto market (which means it'll fall back down straight away)... But also, not that high historically; there were a lot of shit coins in the 1-10b range back in Jan 2018.
Interesting I think!
How much of the above is what I hope will happen vs what I think will happen. I have no idea.
Thereby, you can increase the value of BTT by 23x to match the current tron market cap. Arguably justifiable, given same CEO, same marketing/hype, and the 100m potential user base at BitTorrent.
23x 19 sats = 437 sats.
That price is near identical to the first leg up on TRX run to 2000 sats.
So, arguably, you can justify such an initial run-up.
And once said run up has taken place. Peoples outlook and perspectives change. They will be way more optimistic. They've just made 23x their money. So whats a bit more?
Thereby, entirely plausible that FOMO then takes over, and re-paints the TRX picture to 1000-2000 sats. Which would temporarily at least take BTT to a 7b valuation. Far too high for the current crypto market (which means it'll fall back down straight away)... But also, not that high historically; there were a lot of shit coins in the 1-10b range back in Jan 2018.
Interesting I think!
How much of the above is what I hope will happen vs what I think will happen. I have no idea.
Trade active:
Are we creating the springboard for BTT now? As daily stoch is crossing up, signalling the end of the corrective downtrend, and the DMI has the blue & orange cross.
Check out the beginning of Tron:
And now BTT:
It's still very early in the day for Monday still... so we need to see more volume turn up ideally to begin to validate this idea.
Check out the beginning of Tron:
And now BTT:
It's still very early in the day for Monday still... so we need to see more volume turn up ideally to begin to validate this idea.